RBI's growth estimates for India baffles economists: Report | Mint

The Reserve Bank of India’s (RBI) growth estimates for India have baffled economists, with the central bank projecting a 7.2% GDP growth rate for FY25. Economists argue that the RBI’s estimates are overly optimistic given the current economic indicators, including a slowdown in industrial production and weak consumer demand. The RBI’s growth forecast contrasts with more conservative estimates from other financial institutions, which predict a growth rate closer to 6%. The central bank’s projections are based on expectations of a recovery in private consumption and investment, but economists remain skeptical about the feasibility of achieving such high growth rates in the current economic climate.